Airbus Executive: Expect To Seal New Deals With Chinese Airlines By Year-End
September 16 2010 - 5:13AM
Dow Jones News
Airbus is likely to sign new aircraft deals with airlines in
China by the end of this year, John Leahy, the European aircraft
maker's chief operating officer for customers, said Thursday.
Leahy didn't elaborate on his comments at a news conference in
Hong Kong, where he said Cathay Pacific Airways Ltd. (0293.HK) had
confirmed an earlier order for 30 A350-900 aircraft.
Leahy's comments follow a report Monday by French business daily
La Tribune that the unit of European Aeronautics Defence &
Space NV Co. (EAD.FR) is in talks with Chinese authorities and
several Chinese airlines to sell 150 aircraft for a total amount of
around EUR16 billion.
The report said the announcement of a potential deal could take
place in November, during China President Hu Jintao's next state
visit to France.
Separately, Cathay Pacific Chief Executive Tony Tyler told
reporters he expects the company's good performance to continue,
driven by a robust market. He said the Hong Kong-based airline will
continue to look at buying new aircraft if the market stays
strong.
-By Joanne Chiu, Dow Jones Newswires; 852-2802-7002;
joanne.chiu@dowjones.com
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